Issue: October 2006 Issue
Looking for Fast Companies
Itâ€™s not often you hear about a regional investor eager to spend money, but Mentorâ€™s Growth Strategies Founder David J. Hazard has more faith in Northeast Ohio than most. So, heâ€™s giving the areaâ€™s economy a little boost.
â€œI want to encourage and support industrial startup companies that have the potential to help revitalize the Northeast Ohio economy,â€ Hazard says. â€œI plan to do this by providing early-stage investment.â€
Hazard, a former human resources leader at Rockwell International and Avery Dennison, is looking for Northeast Ohio companies positioned for fast growth and a quick return.
â€œCompanies that will get our attention are industrial firms with a unique, proprietary product or concept, plus potential to be profitable in three to five years,â€ says Hazard, who has 30 years experience in helping small-business startups.
As Growth Strategies begins a search for a venture, the company looks for firms with a strategic and creative business plan, he says.
â€œBusinesses we would be interested in working with will have a compelling value proposition – one that customers cannot be without,â€ Hazard says. â€œThe product will serve a viable niche in a large, growing market segment where the barrier to entry is significant.â€
Those with the best ideas will receive an invitation to discuss plans further with an evaluation team, Hazard says. A team from Growth Strategies will then examine each opportunity to determine where investment will provide a return for them, the novice company and Northeast Ohio.
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